FormFactor (FORM) CEO Slessor logs RSU conversion and 3,288-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FormFactor Inc. CEO Mike Slessor reported equity compensation activity involving restricted stock units and common shares on February 9, 2026. He exercised or converted 5,908 restricted stock units, which settled into the same number of common shares at $0 per share as part of his compensation plan.
To cover tax withholding obligations on this vesting, 3,288 common shares were withheld at a price of $94.88 per share. After these transactions, he directly beneficially owned 479,750 shares of common stock and 11,816 restricted stock units, which continue to vest in quarterly installments through August 7, 2026, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,908 shares exercised/converted
Mixed
3 txns
Insider
SLESSOR MIKE
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,908 | $0.00 | -- |
| Exercise | Common Stock | 5,908 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,288 | $94.88 | $312K |
Holdings After Transaction:
Restricted Stock Units — 11,816 shares (Direct);
Common Stock — 483,038 shares (Direct)
Footnotes (1)
- These shares of common stock reflect the settlement of restricted stock units of the Issuer. Each Restricted Stock Unit (RSU) is convertible into a share of common stock on a 1-for-1 basis. Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. The Restricted Stock Units granted on August 7, 2023 vest in twelve (12) quarterly installments beginning on November 7, 2023 and ending on August 7, 2026 and will be settled into shares of common stock on or following the vesting dates. If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.
FAQ
What insider transactions did FORM CEO Mike Slessor report on February 9, 2026?
Mike Slessor reported converting 5,908 restricted stock units into common shares at $0 per share. Of the resulting stock, 3,288 common shares were withheld to satisfy tax obligations linked to the vesting of these equity awards.
Were Mike Slessor’s FORM transactions open-market buys or sells?
The filing shows no open-market buys or sells. It reflects an exercise or conversion of 5,908 restricted stock units into shares and a tax-withholding disposition of 3,288 shares, automatically withheld to cover tax liabilities tied to RSU vesting.
What is the vesting schedule for Mike Slessor’s August 7, 2023 FORM RSU grant?
The restricted stock units granted on August 7, 2023 vest in twelve quarterly installments. Vesting began November 7, 2023 and continues through August 7, 2026, with units settling into common shares on or following the applicable vesting dates.
What happens to Mike Slessor’s unvested FORM restricted stock units if employment ends?
If his employment terminates before a vesting date, all unvested restricted stock units are forfeited without consideration, except as otherwise provided in his change of control severance agreement or other equity vesting agreements filed with the SEC.